Linden, Tennessee Property Taxes
The median property tax rate in Linden, TN is 0.48%, significantly lower than both the national median of 0.99% and Tennessee's state median of 0.64%. With the median home value in Linden at $82,800, the typical annual property tax bill amounts to $397, well below the national median of $2,690. Property taxes in Linden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Linden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Linden or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Linden, Tennessee Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,280
Ownwell’s Linden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Linden, Tennessee
Property taxes in Linden, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Linden is 0.48%, which is lower than both the Tennessee state median and the U.S. national median of 0.99%. Local government entities within Linden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Linden's effective property tax rate to other counties in Tennessee and the national median. For comparison, the 37096 zip code has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Linden provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linden Tax Rate
0.48%
Average Wayne County Tax Rate
0.48%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% |
Source: Ownwell
Property Tax Assessment Values Across Linden, Tennessee
In Linden, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local county appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Linden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Linden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Linden is $82,800, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $176, while the 75th percentile tax bill rises to $579. Interestingly, the highest and lowest median tax bills both stand at $397, found in the zip code 37096.
Average Linden Assessed Value
$82,800
Average Wayne County Assessed Value
$98,950
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $19,860 | $36,700 | $82,800 | $120,800 | $144,560 |
Source: Ownwell
Property Tax Bills Across Linden, Tennessee
In Linden, TN, property tax bills are calculated based on the assessed value of a home, which is determined as a percentage of its market value. For example, if the median home price in Linden is $82,800, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual property tax bill. Several factors are considered in this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Linden, the property tax bill can vary significantly. The 25th percentile tax bill is around $176, while the 75th percentile reaches $579, and the 90th percentile can be as high as $693. These property taxes impact homeowners by contributing to local services and infrastructure, but they also represent a recurring expense that must be budgeted for. When compared to the national median property tax rate of 0.99%, Linden's property taxes are relatively modest, making it an attractive option for potential homeowners seeking affordability.
Average Linden Tax Bill
$397
Average Wayne County Tax Bill
$475
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across Linden, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37096 | $95 | $176 | $397 | $579 | $693 |
Source: Ownwell